F.N.B. Co. (NYSE:FNB) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

F.N.B. Co. (NYSE:FNB – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.83.

Several research firms have recently commented on FNB. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Raymond James raised their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stephens lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Check Out Our Latest Stock Report on FNB

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. AQR Capital Management LLC increased its stake in shares of F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Point72 Asset Management L.P. bought a new position in F.N.B. in the 3rd quarter worth approximately $14,190,000. Dimensional Fund Advisors LP lifted its holdings in shares of F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after buying an additional 647,335 shares during the last quarter. Jane Street Group LLC boosted its position in shares of F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after acquiring an additional 316,515 shares during the period. Finally, State Street Corp grew its stake in shares of F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after acquiring an additional 278,825 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Trading Up 2.3 %

Shares of NYSE FNB opened at $17.15 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. has a one year low of $11.55 and a one year high of $17.19. The business has a 50-day moving average price of $14.81 and a two-hundred day moving average price of $14.27. The firm has a market capitalization of $6.17 billion, a PE ratio of 15.73 and a beta of 0.95.

F.N.B. (NYSE:FNB – Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. As a group, analysts predict that F.N.B. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

About F.N.B.

(Get Free Report

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.

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